For these 1BR apartments, you'd be lucky to get $600 per unit, and it might be closer to $500, depending on how nicely you renovated the building.Third, you aren't going to find good comps for ARV because you won't be able to find apples to apples. 

Unlike @Michael Swan I am comparing units in the same location (all units in San Diego) versus Swanny is comparing San Diego SFR to Ohio MF which is a bit of an apples versus oranges comparison.  

This helps me a) learn more about cost of rehab as a new investor and b) compare quotes on an apples to apples basis, and c) avoid surprises.Some GCs refuse to send me a detailed quote.

@Kurt GranrothI keep about 82% in the business checking account and invest 18% in either Tesla or Apple on a monthly basis.

Also look at the math, what return could you get if you deployed the money, others will encourage you to leverage to the hilt, but I would look at what your return would be if you bought residential properties with the cash from the sale for an apples to apples comparison, because you would likely use a 1031 exchange. 

An example: Springs at Apple Valley, https://www.springsapartments.com/apartments/mn/ap...Less focused on the location, and more the concept below. 

With the influx of talent to come and work for major companies like Oracle, Apple, IBM, Samsung and more, development is still growing, yet at a slower pace due to higher costs. 

Let’s say average rent in Boston is $3,000 and it’s $1,000 in Tampa... your 6% in Boston is $180 and it’s $100 in Tampa.Same amount of work for $80 lessHopefully that helps illustrate that it isn’t apples to apples to compare based on percentages only.By the way we are seeing 8+caps here routinely.

We contract with large scale facility groups that service multiple of the markets we cover and who handle maintenance for large companies such as Nasa or Apple and large residential portfolios such as ours.

@Ryan Parnow - It is Pergo Max Montgomery Apple laminate flooring.